State of E-commerce Funding 2026

6 active investors and 25 funded companies in E-commerce. Most active: FirstMark, Bessemer Venture Partners, Bain Capital.

E-commerce accounts for 120 tracked companies with verified cap-table data, 120 of which disclose round sizes totalling $50B. The median disclosed raise is $190M, and the largest is Coupang at $3.8B, ahead of Swiggy ($3.6B) and Instacart ($2.7B).

The names that recur most often on these e-commerce cap tables are Sequoia Capital (8 companies), Accel (8 companies), Andreessen Horowitz (6 companies), SoftBank (4 companies), Goldman Sachs (4 companies), Y Combinator (4 companies). By latest disclosed round, the market skews Series C (27), Series B (25), Growth (14), Series E (9).

Best funded E-commerce companies

  1. Coupang — $3.8B (latest: IPO)
  2. Swiggy — $3.6B (latest: Series J)
  3. Instacart — $2.7B (latest: IPO)
  4. goPuff — $2.5B (latest: Series C)
  5. Shein — $2B (latest: Growth)
  6. Zepto — $1.9B (latest: Series F)
  7. Kavak — $1.9B (latest: Series F)
  8. Gorillas — $1.3B (latest: Series C)
  9. Carsome — $1.3B (latest: Series E)
  10. Meesho — $1.1B (latest: IPO)
  11. Cazoo — $1B (latest: Growth)
  12. Noon — $1B
  13. Thrasio — $1B (latest: Series D)
  14. Thumbtack — $926M (latest: Growth)
  15. Glovo — $900M

More E Commerce research (2)

Research on comparable markets (14)

Sector × city funding reports (20)

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